This week Ainslie, who has won gold at the last four Games, announced his decision not to defend his Olympic Finn title in Rio in 2016 and is instead focusing on his other burning ambition – to become the first Briton to win the America’s Cup.

The 35-year-old, who carried the British flag at the London Games’ closing ceremony, was the first sailor to win medals at five successive Olympics, a run which began with silver in the Atlanta Games in 1996.

"It has been the most amazing year for British sport and just to be part of that is an incredible feeling," he said. "It’s going to be an emotional evening and a great way to round off my Olympic career."

Also hoping to crown a memorable summer is Storey, Britain’s most decorated Paralympian.

The 35-year-old from Poynton has a collection of 11 gold, eight silver and three bronze from her swimming and cycling exploits across six Games, the latest four golds coming this year.

Following the announcement of the shortlist, Storey tweeted: "So honoured to be nominated for #SPOTY. Thank you for all your lovely messages."

The winner will be decided by a public vote on the night of the event, held at London’s ExCeL Arena on December 16.

After a hugely successful 2012 the selection has been raised from 10 to 12 nominees.

The full shortlist also features Sir Chris Hoy (cycling sprint and keirin), Jessica Ennis (heptathlon), Mo Farah (5,000m and 10,000m), Katherine Grainger (rowing), Nicola Adams (boxing), Ellie Simmonds (Paralympic swimmer), David Weir (Paralympic middle and long-distance runner), Andy Murray – who also claimed his his first Grand Slam at the US Open – along with Bradley Wiggins, whose Olympic gold came hot on the heels of his Tour de France win, and US PGA winner, World Tour champion and Ryder Cup winner Rory McIlroy.